Samsung is expected to report a record operating profit of 86 trillion won in the second quarter, driven by strong demand for AI memory chips and rising DRAM and NAND prices. Analysts expect the memory shortage to continue into next year, although employee bonus costs and any slowdown in AI spending remain key risks.
AnaisSK Hynix plans to raise US$29 billion through a Nasdaq listing, giving US investors direct access to one of the world's largest AI memory chipmakers. The company hopes the listing will boost its valuation and support expansion as demand for AI chips continues to drive strong growth.
WeatherlyBNK Busan Bank and its partners successfully tested a blockchain-based digital currency system in a real banking environment. The trial recorded a 100% transaction success rate and supports South Korea's growing won-backed stablecoin efforts.
AnaisJapanese police arrested a 15-year-old student accused of using ChatGPT-assisted code to launch a cyberattack that cancelled 46,812 Bandai Channel subscriptions. The teenager allegedly exploited a system vulnerability, changed his IP address multiple times to evade security measures, and accessed user account information.
WeatherlyChina removed around 14,000 AI products and tightened rules on AI safety and compliance. The crackdown brings stricter oversight as China steps up regulation of the AI industry.
WeatherlyA woman lost a year's savings after scammers used an AI deepfake to impersonate Dubai Crown Prince Sheikh Hamdan and convince her they were in a romantic relationship. The fraud used live video calls and fake royal documents to gain her trust before asking for money, showing how AI is making romance scams more convincing.
AnaisNearly one million investors lost $3.81 billion on President Donald Trump's $TRUMP memecoin, while Trump earned about $636 million from the project. Most losses fell on retail investors, while early buyers made around $4 billion in profits.
WeatherlyHackers are hijacking real Discord accounts to spread fake MrBeast giveaways and cryptocurrency scams. The same tactic is spreading on Threads, using fake MrBeast posts to lure victims to scam websites.
WeatherlyYield Guild Games is shutting down YGG Play and cutting 35 jobs after weak crypto and gaming markets made the business unsustainable. The company will close its games and platform by 1 August as it shifts its focus to AI training data.
AnaisAnthropic removed a hidden tracking feature from Claude Code after a researcher found it was quietly identifying some users through hidden system prompts. The company said it was an experiment to stop misuse and model copying, but the discovery sparked concerns over privacy and trust.
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